MONDAY, 11:18am: The Packers are cutting wide receiver Myles White to open a spot on the roster for Jones, per Rob Demovsky of ESPN.com.

SUNDAY, 4:49pm: Jones has signed a one-year deal with the Packers, according to Silverstein (Twitter link).

4:10pm: The Packers and Jones have agreed to a deal that will bring the wideout back to Green Bay, tweets Ian Rapoport of NFL.com. It’s not clear yet where Jones will fit in on the team’s depth chart, since the Packers have several young receivers they like, but it shouldn’t take long for him to build a rapport with his old quarterback Aaron Rodgers.

2:05pm: The Packers have interest in a reunion with free agent receiver James Jones, according to Tom Silverstein of the Milwaukee Journal-Sentinel (Twitter link), who reports that the two sides have had discussions. Jones’ agent tells Rob Demovsky of ESPN.com (Twitter link) that Jones will take a visit with Green Bay on Sunday, and a deal could follow if the meeting goes well.

Following Jordy Nelson‘s ACL tear, a return to Green Bay has always made sense for Jones, and once he was released by the Giants yesterday, it seemed likely that the Packers would at least explore the possibility. The 31-year-old Jones spent the first seven seasons of his career with Green Bay, and posted his best campaign in 2012, catching a league-leading 14 touchdowns. His scoring totals have regressed to the mean in the years since, but he’s still a solid pass-catcher who could add depth to the Packers’ arsenal.

The fact that Jones didn’t land a contract with the Giants until July means he probably signed a minimum salary benefit contract. If the Packers want to add Jones, then, he shouldn’t be a costly option.